🚨 Breaking Update: The SEC and Ripple have jointly filed a motion asking a Manhattan District Court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow.
They propose paying $50 million to the SEC, with the remaining funds returned to Ripple — marking a significant step toward settling the dispute, ending pending appeals, and avoiding further litigation.
The filing highlights “exceptional circumstances” including the SEC’s evolving crypto policy and the mutual desire to resolve the matter amicably, justifying a modification of Judge Torres’s final judgment. This comes after a similar request was denied in May.
Stay tuned as this could be a major move in the crypto regulatory landscape 🚀
XRP Admiral//
